100 Acres Joint Venture In Chennai

100 Acres Joint Venture In Chennai


Opportunity: Investor owned, 100 acres (Village: Nallambakkam & Rathina Mangalam) agricultural land, facing the Vandalur Kellambakkam road, located at ~4.5 km east of the Vandalur Jn. - is available for Outright Sale or Joint Development. The property has an entrance between Ramanujur Engg. College on west and Granite quarry on east. The property has 250 ft of frontage to 80 ft wide Vandalur- Kellambakkam road, hence will be eligible for an FSI of 2.5x for Residential developments. IT parks like TCS, Siruseri, SIPCOT are located within 15 kms of radius.

Indicative price: Rs 4 cr/ acre (Rs 0.22 cr. /ground) (FSI price: ~Rs 367/-).

JV Terms: Advance- Rs 70 cr; Revenue sharing 60:40 (60% for Developer)


Features of proposed land:
· 100 acres stretch with FSI=2.5x.
· Clear title, no encumbrances, currently vacant.
· Road frontage on 80 ft wide Vandalur- Kellambakkam road: ~250 ft

Distance from key destinations:
* Siruseri- SIPCOT IT Park, OMR.: 15 kms
* Tambaram : 11 kms
* Chennai Intl. Airport : 20 kms
* Chennai Central Railway Station, Egmore: 40 kms

Link: Click on the link below, centre at ‘A’ and de-magnify. The said property is located slight right

 of ‘A’. https://maps.google.com/maps?hl=en&ie=UTF8&ll=12.866338,80.114965&spn=0.003018,0.004823&t=h&z=18&vpsrc=6